Jaster jets has 5 billion in total assets its balance sheet, Ask an Expert

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Jaster Jets has $5 billion in total assets. Its balance sheet shows $0.25 billion in current liabilities, $2.5 billion in long-term debt, and $2.25 billion in common equity. It has 700 million shares of common stock outstanding, and its stock price is $27 per share. What is Jaster's market/book ratio? Round your answer to two decimal places.

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